Dropbox Investor Presentation Deck

Non-GAAP reconciliation Income from operations - GAAP Stock-based compensation Acquisition-related and other expenses Amortization of acquired intangible assets Impairement related to real estate assets Workforce reduction expense Income from operations - Non-GAAP Non-GAAP operating margin $ $ Three Months Ended March 31, 2020 26.8 $ 39.8 4.2 2.3 73.1 16.1% $ March 31, 2021 42.5 67.9 5.7 2.40 17.3 12.8 148.6 29.1% 34

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